Bank Account Overview

Review this section to learn about the Bank Account Page, the Bank Account Card, the Bank Account Card Action Pane, and how to Create a Bank Account in NAV.

Overview

For each transaction made in NAV using a bank account, the system will post an entry in the bank account ledger.

The bank account posting group assigned to each bank account enables the program to post the related G/L entries with the transaction.

In addition, if the user makes a manual or computer check payment, the system posts an entry to the check ledger to record the check transaction and the current status of the check.

Each bank account has its own card that contains information, such as the following:

Name, address, and contact information

Account numbers

Posting specifications

International banking

Wire transfers

Bank Account Page

To access the Bank Account page:

In the Search field, type Bank Accounts and select the page from the drop-down list.The Bank Accounts page displays.

Bank Account Card

Double-click on a bank account to see the Bank Account Card.

General FastTab

The General FastTab contains all the general information about the bank where the account is held such as the:

Name

Address

Main contact person at the bank

Search name

In addition to this information, the General FastTab includes the following fields:

Field

Description

No.

A unique identifier to represent the bank account. This field is not used to specify the bank account number.

Name

The bank name.

Address / Address 2

The bank address.

City

The city in which the bank is located.

State/Province

The state or province in which the bank is located.

Country/Region Code

The country in which the bank is located.

Phone No.

The bank phone number.

Contact

The name used when searching the Bank Account Cards.

Bank Code

The alphanumeric code used to represent the bank branch number for the bank account. All banks have a number series that specifies the branch of the bank the account was opened.

Bank Account No.

The bank account number that is used by the bank.

Zip Code

The bank zip code.

Search Name

The name used when searching Bank Account cards.

Balance and Balance (LCY)

These fields are flow fields that calculate the current bank balance based on the bank ledger entries.

Min. Balance

The minimum balance the bank account can have. The amount is in the currency of the bank account and can be positive or negative.

Our Contact Code

The contact person in the user's company responsible for the bank account. In the program, this must be someone set up in the Salespeople/Purchasers page.

Blocked

If selected, prevents the bank account from being used in transactions.

Last Date Modified

The date when the Bank Account Card was last modified.

Communication FastTab

The Communication FastTab contains the following fields:

Field

Description

Phone No.

The bank phone number.

Fax No.

The bank fax number.

Email

The bank email address.

Home Page

The bank home page.

Posting FastTab

The Posting Fast Tab contains the following fields:

Field

Description

Currency Code

The currency for the bank account. Be aware that checks can only be made for payments in the currency of the bank account.

If the Currency Codefield of a bank account is blank, check payments can be made only in in local currency (LCY) for that account. If a currency code is selected in this field, only use this bank account to receive and make payments in the currency selected in this field.

If a currency code is not selected, you can receive payments by using any currency including LCY. Non-check payments can use any currency including LCY. You can only make check payments in LCY.

Last Check No.

If using checks, specify the last check number that is used. The program updates this number every time that a new check is created.

Last Remittance Advice No.

Number of the last remittance advice sent.

PAP Last Remittance Advice No.

The starting point for the serial number used as the Pre-authorized Payment Remittance Advice document number. This field is used to setup PAP Remittance Advice number sequence and will be used to populate the bank ledger and check ledger entries.

DLP Last Remittance Advice No.

The starting point for the serial number used as the Deferred Leave Plan Remittance Advice document number. (This field is used to setup DLP Remittance Advice number sequence and will be used to populate the bank ledger and check ledger entries.)

Last Statement No.

The statement number of the last bank account statement reconciled in the program.

Balance Last Statement

The statement ending balance of the last bank account statement reconciled in the program.

Bank Communication

Language used for bank communications.

Check Date Format

The date format used for checks.

Check Date Separator

The character used to separate Month, Day and Year of the date that prints on the check image.

Bank Acc. Posting Group

The posting group assigned to this bank account. Microsoft Dynamics NAV 2016 uses this to post the related G/L entries for each transaction by using the bank account.